As Paul and Dave get into gear with their second episode of the year, they ponder the benefits of cloud accounting. In this episode, they summarise the industry events coming up this year, the challenges of using Slack and even read a bit of poetry. Megan Velo stops by to share her tips for a successful training program.
00:58 Best on Ground: Link
The Crypto Fanatics Making Millions and Looking To Change The World
‘90% of crypto wealth is held by 4% of crypto shareholders’.
A Scary New Era of Slack Accounts
‘Slack is a lot of work. Many businesses are still struggling to move to the cloud.’
The State of Small CPA Firms
‘The demise of small firms is ‘hogwash’. Small firms deserve their own conversation.’
Get It In Writing And Get A Receipt. Protect Yourself.
‘The Poetry Corner with Paul Meissner. If law enforcement does not work for the ATO, why not turn to poetry?’
10:13 Worst on Ground: Link
There will be no Add-On hall at Xero Roadshow events this year.
‘Will taking this aspect out of a roadshow event make it little more than a ‘product update’ webinar?’
HMRC: The Standard for Agents
‘UK tax agents now need to know the ‘intention’ of parliament behind legislation.’
16:30 5 in 5 Summary: Link
Megan Velo is the Chief Operating Officer at Sequel CFO, a virtual CFO business. Her role is to get the word out about what virtual CFO’s can do for SME’s and she has helped to develop a creative training program for them. Her top tips for a successful training program:
· Know exactly what you want to get out of it. Plan the details.
· Make it real and tell war stories to share the experience you have seen firsthand.
· You can teach workplace culture by spelling it out and saying, ‘this is what we stand for’. Back it up with actions as well as words.
· You want your staff to leave knowing exactly what the next 30 days will look like.
19:00 In-Depth Topic: Link
2018 will be the year of the conference. New conferences, big ones, regenerated ones. No accountant can go to all of them, so we’ve created a summary of what they are and why you should attend (or not).
Australian Business Expo
Pros: Vendor neutral. Software neutral. Great for education. Lots of content. All exhibitors in one room give it a good edge. FTT will be broadcasting from there. Free tickets.
Cons: Content mainly driven by sponsors.
ATSA tech conference
Pros: We haven’t seen the program, but it is usually great. Purely technology, not thought leadership.
Cons: In the last iteration you paid to have software vendors pitch at you.
World Congress of Accountants (WOCOA)
Paul says it is bigger than Ben Hur. Lots of exhibitors. Up to 6,000 consultants. Truely global. Great opportunity for smaller businesses to create an effective global network while they are all here.
Dave doesn’t know enough about it yet. Maybe.
Xero Con and QuickBooks Connect
They tend to be similar. Top quality entertainment. Accounts tend to prefer one brand or the other. QBC turned on a great show last year. Xero Con provides the opportunity to experience how ‘new accounting’ can be done. Both can be very exciting.
CPA Public Practice conference
They have been using the same successful format for years and have built up a loyal following. The traditional darling of the professional bodies circuit.
IPA National Congress
Public Practice events tend to have a lot of tax content. The IPA line-up of speakers looked amazing last year. IPA seem to be building a younger community. Tim Munroe will be talking about going naked – with no time sheets.
CA Public Practice conference
There is a rumour that CA will be coming back onto the public practice circuit. Not much detail at this stage.
Xero, Intuit, and Sage Roadshows
Roadshows tend to be more about fitting some product information into a few hours. Not always useful for people who want to network. Xero roadshows are great for newbies and product junkies. Without the software ad-on’s there to talk to, they may not have much appeal.